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Aditya Birla Money

Overview Overall

"Aditya Birla Money Limited is the pioneer in the stock broking industry with the pan India existence and excellent research assistance available for their client. They provide almost all financial products to their clients including commodity & currency derivative trading."

Aditya Birla Money Limited is the wholly owned subsidiary of Aditya Birla Capital Limited. This company was incorporated in 1994 and was formerly known as Apollo Sindhoori Capital Investment. Later in March 2009, it was acquired by Aditya Birla group with 76% of share.

It is a full-service share broker and has more than 800 branches/Franchisee all over the country. The company is registered with NSE, BSE, MCX-SX, NSDL, CSDL, MCX, NCDEX and offers equity and derivative trading along with currency derivative and commodity trading. It also allows online IPO, mutual funds, subscription-based brokerage plan & distribution of insurance.

Aditya Birla offers funds transfer facility available form over more than 11 banks and provides 2-in1 trading accounts to its customers. This is one of the few brokers who provide trade on call without any charges. They have experts sitting at the backend who provide valuable advice to their clients.

Aditya Birla Money Limited is one of the pioneers in the stockbroker industry and is one of the largest Asset management companies in India, among the top 5 private diversified NBFCs in India.

Aditya Birla Money limited is one of the renowned share brokers of India and provide numerous financial products and services to its customers. It formerly known as Apollo SIndhoori Capital Limited and is latter acquired by Aditya Birla Group. With this acquisition, top management has expanded this company by leaps and bound, and now it has pan India presence with more than 800 branches.

Their brokerage plans are convenient and easy to understand. Also, it is less costly when we compare to big giants in the market like ICICI and Sharekhan. They provide online IPO and mutual funds and provide Call on trade facility without any charges.

Aditya Birla is one of the dominant business groups of India, and its past business strategies promise that it is a group which is worth to rely upon. Apart from every kind of online platform supporting all software, Aditya Birla Money Limited provides portfolio tracker and online analytics for better decision making.

Affiliation Details

CIN : L65993GJ1995PLC064810

DP ID :

NSDL/CDSL: IN – DP-17-2015

Research Analyst : INH 0000002145

Portfolio Manager: INP000003757

NSE Member ID

Capital Market (CM) – INB 231347031

Future & Options (F&O) – INF 231347031

Currency Derivatives (CDS) – INE 231347031

BSE Member ID:

Capital Market (CM) – INB 011347037

Future & Options (F&O) – INF 011347037

Derivative – INE 011347037

Customers Service

ABML offers multiple communication channels to its clients for using customer service:

Active Client Details

43,485 clients

Account Opening & AMC Charges

Trading Account / Demat opening is the onetime fee that ABML charge while initiating your account opening process. Trading /Demat AMC (Annual maintenance Charges) is an annual fee charge by ABML to maintain your account, this is annual charges and deduct from your account even if you haven't traded for a year.

Type

Account Opening (One Time)

Annual Maintenance Fees (Yearly)

Trading Account

INR750

NIL

Demat Account

NIL

INR450

How to open the account with Aditya Birla Money Limited?

At Edelweiss Broking Limited you can start investing your money in stocks and other financial product after opening a trading account. You can open a 2-in-1 trading account with Edelweiss through an offline, online platform.

1.Opening account through an offline medium:

You call them at 91– 44 –391900 02 / 03 and ask for account opening assistance

You can visit locate & visit the nearest branch to complete all the account opening formality

You can fill a short online registration form, and their representative will contact you for further process of opening a trading account

2.Opening account through the online medium:

You can open a trading account in ABM by clicking on the link mentioned below. You should be ready with your Aadhar card and Pan card to open the account within a few minutes.

The Final Thoughts

Aditya Birla Money Limited is among the top service provider in the stockbroking market and allows you to invest in almost all financial products with minimal brokerage charges. They have portfolio tracker and online analytics for better decision making. Along with this, they have a team of veterans of the industry which assists you in investing money in the correct product at the correct time. Though ABL is good in many ways, it has the weakness of not providing good online customer services. Also, they are not transparent enough in terms of brokerage and do not provide minimum brokerage charge, monthly or yearly brokerage plans.

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